Tag Archives: used cars

Benefits of Buying Used Cars

Having a car is a privilege and a responsibility. It ensures that one will have reliable transportation to a job and virtually wherever else they would like to go. New vehicles are desirable for obvious reasons. The shiny appeal of something never played with by anyone else, the fresh paint, the latest technology, and the impressive modern accessories all add to the allure of an untouched automobile.

What might be less appealing is the price these days. Reports show that the typical American cannot afford the average price of a new car in 24 out of 25 of the nation’s largest metro areas. The rising price doesn’t make having this mode of transit any less necessary in most pockets of our society. An impressive 85% of the workforce in this country uses personal transportation as the primary way of getting to their place of occupation. Used cars are more than just a previously worn vessel. They are an opportunity for someone who cannot afford the most recent addition to the lot to experience freedom and mobility.

Getting the Most for Your Money

It is no secret that vehicles depreciate rapidly. The original owners get to experience this first hand as they watch the appraised value of their cherished purchase diminish quickly (10% in the first year). Buying a used car eliminates this component of the ownership process. If it is still relatively recent, the devaluation will probably not be detectable in the physical features. Registration fees are also usually lower, saving even more money.

A Comfortable Way from A to B

While all-new everything can be attractive, it can also wreck one’s nerves. Buying a clean, well-maintained pre-owned vehicle can ease this tension. Drivers of used cars should still take pride in their ride, but it makes things easier knowing that any mishap will not likely be the first.

Insurance Benefits

Depending on age and history, insurance can be one of the more costly responsibilities associated with driving. Deciding to go with a previously loved set of wheels can relieve this burden. The comprehensive, theft, and collision coverage rates will be lower for used cars. Of course, it is important to take into account just how weathered it is. Older models might have higher insurance costs due to lack of certain safety features. Then there is the exception of what one might call an “ultra used” automobile, meaning those that qualify as antiques, which are eligible for a completely different type of coverage.

While is it almost essential to normal professional and social life to have a means of transportation, it is not necessary to buy the latest product of the auto industry. Weigh your options to save your wallet and your peace of mind.



Source by Ace Abbey

Latest Car news

Moody’s sees consumers on ‘trade-in treadmill’

NEW YORK — In a new report released on Monday, Moody’s Investors Service explained what likely might be happening in the war rooms at auto finance companies nowadays.

Financing providers are increasingly faced with the choice of taking on greater risk by rolling negative equity at trade-in into the next vehicle loan. The credit rating agency believes finance companies are increasingly accepting this choice, resulting in mounting … Read more

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Used Car News

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strongFive used-car lots in Detroit have been shut down for trafficking stolen cars and stolen auto parts./strong/p
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The Secretary of State suspended operating licenses at Hende Auto Parts, Best Price Auto Sale, Sold Auto Sales, Big 3 Auto Sales and A One Auto Sales./p
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Investigations found suspicious transactions by dealers, such as trying to obtain clean titles for salvage vehicles./p
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At one dealer, stolen parts were discovered and 30 cars were seized by police./p
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p class=”instapaper_title” data-remote-admin-entry-id=”8312504″ data-remote-headline-edit=”title” data-remote-headline-promo-headine=”Tesla is now selling used electric cars for lower prices” style=”-webkit-box-sizing: border-box; text-rendering: optimizelegibility; font-family: Adelle, Georgia, serif; font-size: 3.25rem; font-weight: 400; color: rgb(0, 0, 0); margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 1rem; padding-right: 4rem; padding-bottom: 0px; padding-left: 0px; line-height: 1.25; ”
span style=”font-size:10px;”font class=”Apple-style-span”font class=”Apple-style-span”Tesla is now selling used electric cars /font/font/span/p
p class=”instapaper_title” data-remote-admin-entry-id=”8312504″ data-remote-headline-edit=”title” data-remote-headline-promo-headine=”Tesla is now selling used electric cars for lower prices” id=”stream_title” style=”-webkit-box-sizing: border-box; text-rendering: optimizelegibility; font-family: Adelle, Georgia, serif; font-size: 3.25rem; font-weight: 400; color: rgb(0, 0, 0); margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 1rem; padding-right: 4rem; padding-bottom: 0px; padding-left: 0px; line-height: 1.25; ”
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span style=”font-size:14px;”Elon Musk now sells used cars. The billionaire’s electric car company, Tesla Motors, quietly launched a href=”http://www.teslamotors.com/models/preowned” sl-processed=”1″ style=”-webkit-box-sizing: border-box; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(250, 75, 42); text-decoration: none; background-position: initial initial; background-repeat: initial initial; ” target=”_blank”a pre-owned vehicle program/a at the end of April — a new scheme that offers older versions of its Model S sedan for lower prices than new models. The used cars still come with Tesla maintenance and reliability checks, and like other high-end car makers, Musk’s company gives a 4-year or 50,000-mile warranty on pre-owned vehicles./span/p
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span style=”font-size:14px;”A Tesla spokesperson a href=”http://www.wsj.com/articles/tesla-launches-used-car-sales-via-web-1430502587″ sl-processed=”1″ style=”-webkit-box-sizing: border-box; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(250, 75, 42); text-decoration: none; background-position: initial initial; background-repeat: initial initial; ” target=”_blank”told i style=”-webkit-box-sizing: border-box; “The Wall Street Journal/i/a that the used cars would be stored at a Tesla location, allowing customers to collect their car directly, or have it delivered to their home. For now, limited supplies of the used Model S electric cars mean that the new scheme is currently only available in 11 US cities, with supplies coming from display models or owners who traded their older sedans in for a href=”http://www.theverge.com/2013/8/5/4592248/tesla-to-produce-all-wheel-drive-model-s-sedan-next-year” sl-processed=”1″ style=”-webkit-box-sizing: border-box; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(250, 75, 42); text-decoration: none; background-position: initial initial; background-repeat: initial initial; “new all-wheel-drive models/a under Tesla’s trade-in schemes. But the company can expect an influx of older vehicles soon, as owners who bought their first-generation Model S on a three-year lease in 2013 return the car to the manufacturer./span/p
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li data-textannotation-id=”5c8703ba545f564d5c551996e7b7c45b” style=”-webkit-box-sizing: border-box; margin-top: 0px; margin-right: 0px; margin-bottom: 6px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 1.125rem; ”
p class=”headline hover-highlight entry-title” style=”-webkit-box-sizing: border-box; margin-top: 0.3rem; margin-right: 0px; margin-bottom: 1rem; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: ProximaNovaCond, sans-serif; font-weight: bold; font-style: normal; color: rgb(0, 0, 0); text-rendering: optimizelegibility; line-height: 1.1; font-size: 2.375rem; word-break: break-word; ”
a data-id=”” href=”http://lifehacker.com/the-safest-used-cars-for-under-10k-according-to-consu-1690655809″ onclick=”window.ga(‘send’, ‘event’, ‘Permalink page click’, ‘Permalink page click – post header’, ‘standard’);” sl-processed=”1″ style=”-webkit-box-sizing: border-box; color: rgb(0, 0, 0); text-decoration: underline; line-height: inherit; cursor: pointer; “The Safest Used Cars for Under $10K, According to Consumer Reports/a/p
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strong style=”-webkit-box-sizing: border-box; font-weight: bold; line-height: inherit; “Chevrolet Malibu (2009-2012, 4-cyl.):/strong Starting at $8,125/li
li data-textannotation-id=”e49661bc8d0b45c7767a233aaaec98fb” style=”-webkit-box-sizing: border-box; margin-top: 0px; margin-right: 0px; margin-bottom: 6px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 1.125rem; ”
strong style=”-webkit-box-sizing: border-box; font-weight: bold; line-height: inherit; “Ford Fusion (2010-2012, 4-cyl. and hybrid):/strong Starting at $8,325/li
li data-textannotation-id=”988634a1445c0f0166aa942952be8d29″ style=”-webkit-box-sizing: border-box; margin-top: 0px; margin-right: 0px; margin-bottom: 6px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 1.125rem; ”
strong style=”-webkit-box-sizing: border-box; font-weight: bold; line-height: inherit; “Hyundai Sonata (2006-2014, 4-cyl., non-turbo):/strong Starting at $5,450/li
li data-textannotation-id=”9580dcaa98048d6d035c7ed28da6ae23″ style=”-webkit-box-sizing: border-box; margin-top: 0px; margin-right: 0px; margin-bottom: 6px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 1.125rem; ”
strong style=”-webkit-box-sizing: border-box; font-weight: bold; line-height: inherit; “Kia Soul (2010-2011):/strong Starting at $8,925/li
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strong style=”-webkit-box-sizing: border-box; font-weight: bold; line-height: inherit; “Toyota RAV4 (2004-2012, 4-cyl.):/strong Starting at $5,590/li
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a href=”http://autonotebuyer.net”Auto note buyers/a/p
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Latest Used Car News

1. U.S. Bank Monitoring FI Product Pricing

U.S. Bank told dealers this week that it’s monitoring how they price FI products. If its monitoring program finds ‘unexplained differences in pricing or excessive add-on product financing on a prohibited basis,’ dealers will be asked to provide an explanation.

2. Disparate Impact Ruling Expected This Week

A case debating a legal theory used by the Consumer Financial Protection Bureau to go after auto finance sources for perceived discrimination in dealer markup is expected to be ruled on this week by the U.S Supreme Court.

3. TrueCar Denies Claims in CNCDA Lawsuit

The California New Car Dealers Association filed a lawsuit against TrueCar last Wednesday, alleging the that the shopping site is not in compliance with certain sections of the California Vehicle Code – a claim TrueCar has denied.

 

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Latest Used Car News

1. U.S. Bank Monitoring FI Product Pricing

U.S. Bank told dealers this week that it’s monitoring how they price FI products. If its monitoring program finds ‘unexplained differences in pricing or excessive add-on product financing on a prohibited basis,’ dealers will be asked to provide an explanation.

2. Disparate Impact Ruling Expected This Week

A case debating a legal theory used by the Consumer Financial Protection Bureau to go after auto finance sources for perceived discrimination in dealer markup is expected to be ruled on this week by the U.S Supreme Court.

3. TrueCar Denies Claims in CNCDA Lawsuit

The California New Car Dealers Association filed a lawsuit against TrueCar last Wednesday, alleging the that the shopping site is not in compliance with certain sections of the California Vehicle Code – a claim TrueCar has denied.

a href=’https://www.diigo.com/user/crosbyru’Get cash for your auto notes./a

Big 3’s CPO Month Includes FCA Record

Big 3’s CPO Month Includes FCA Record

WOODCLIFF LAKE, N.J. — Domestic brands continued to move upward in the certified pre-owned market during February, increasing their CPO sales by more than 17 percent year-over-year, according to Autodata Corp.

The firm indicated that the Big 3 sold a combined 76,481 certified vehicles for the month, which beats February 2014 figures by 17.1 percent.

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Latest Used Car News

Latest used Car News

1 Million Used Cars Are Hiding A Terrible Secret – Huffington Post

http://news.google.com Mon, 08 Sep 2014 11:33:35 GMT

1 Million Used Cars Are Hiding A Terrible SecretHuffington PostJust because a used car is cheap and seems OK during a test drive doesn’t mean it’s safe to buy. Criminals have devised ways to artfully conceal structural damage on used cars, allowing v …

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Auto Bits: Buy new or used? – Redwood Falls Gazette

http://news.google.com Mon, 22 Sep 2014 13:44:15 GMT

Auto Bits: Buy new or used?Redwood Falls Gazette“Several years ago, we would have advised shoppers to go the used route in order to save money, but in the current economic state, used car prices have skyrocketed, which could make buying new just as e …

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